The company completed its initial public offering in 2014 and is listed on the New Zealand Stock Exchange under the ticker symbol PPH.

Last year, Pushpay signed on the dotted line to pick up the church app business of Indiana-based online mobile-apps-as-a-service platform operator Bluebridge Digital for around USD 3.10 million on a cash- and debt-free basis.

According to Zephyr, the M&A database published by Bureau van Dijk, there have been 112 deals targeting financial transaction processing groups announced worldwide since the beginning of 2017.

The most valuable of these was Ant Financial Services’ USD 2.14 billion agreement to snap up US firm MoneyGram International in April in an acquisition which is expected to close in the second half of 2017.

WorldPay Group, CardConnect and ConCardis, among others, have also been targeted so far this year.